Griffon saw a positive improvement to its Relative Strength (RS) Rating on Thursday, rising from 77 to 85.
IBD's unique rating measures price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the best stocks tend to have an 80 or better RS Rating in the early stages of their moves.
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Griffon is working on a cup without handle with an 86.73 entry. See if it can break out in volume at least 40% higher than normal.
In terms of fundamental health, the company has posted rising EPS growth over the last two quarters. Sales gains have been less impressive, coming in at -2% in the latest report.
The company earns the No. 5 rank among its peers in the Building-Construction Products/Miscellaneous industry group. Mueller Water Products is the top-ranked stock within the group.
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